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IKT

Inhibikase Therapeutics, Inc.

Inhibikase Therapeutics, Inc. Q4 FY2022 earnings call

April 3, 2023 · fiscal period ended 2022-12

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Summary

Generated 2023-04-03

Management highlights

  • 2022 was a year of advancing lead asset IkT-148009 in clinic and validating mechanisms. FDA lifted hold on Parkinson's program in January and on MSA program in March. 501 bioequivalent study for IkT-001Pro completed 3 of 4 dose escalation cohorts. - Grant revenue decreased to $0.1 million in 2022 from $3.1 million in 2021 due to shift to advancing clinical trials. R&D expenses increased to $12 million in 2022 from $11.4 million in 2021. SG&A expenses decreased to $6.2 million in 2022 from $6.5 million in 2021. Net loss was $18.1 million in 2022 compared to $14.8 million in 2021. Cash, cash equivalents, and marketable securities as of Dec 31, 2022 were ~$23.1 million.
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Segment performance

There are no specific product segments with financial performance details provided as the company's focus is on clinical development of therapeutics rather than traditional product segments with revenue contribution percentages.

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Guidance

  • Existing cash, cash equivalents, and marketable securities are expected to fund operations into the fourth quarter of 2024. - 2023 is viewed as a year of clinical execution with plans to share additional clinical updates for IkT-148009 as the 201 trial enrolls patients, advance preclinical efforts in MSA, and complete the 501 bioequivalent study for IkT-001Pro.
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Risks

  • Risks associated with the company's business, including potential differences between actual results and forward-looking statements due to uncertainties. - Risks related to clinical trial progress, regulatory holds (though some holds were lifted, there are ongoing risks in clinical development).
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Q&A highlights

Q: A: Q: A: No questions were posed during the call as indicated by the operator

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Key numbers

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Transcript

April 3, 2023

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